Similar retailer gross sales refers to year-over-year gross sales comparisons for a similar retailer gross sales base of each corporate-owned and franchisee-owned shops, which is calculated for a given interval by together with solely gross sales from shops that had gross sales within the comparable months of each years. We outline the identical retailer gross sales base to incorporate these shops which have been open and for which month-to-month membership dues have been billed for longer than 12 months. We measure similar retailer gross sales based mostly solely upon month-to-month dues billed to members of our corporate-owned and franchisee-owned shops. On account of the closure of all of our shops as a result of COVID-19 in March 2020, a majority of shops remained closed for a portion of the 9 months ended September 30, 2020. As a result of lower than 50% of our shops in the identical retailer gross sales base had membership billings in all the months included within the 9 months ended September 30, 2020, we’re not offering similar retailer gross sales comparisons for the 9 months ended September 30, 2021 and 2020. For the three months ending September 30, 2021 and 2020, since greater than 50% of our shops in the identical retailer gross sales base billed month-to-month membership dues in all three months, we’ve got offered similar retailer gross sales comparisons for these shops that have been open throughout each the present and prior yr intervals.
Comments
0 comments